Define financial management.
Financial management is the application of general management principles to manage the financial resources of the business. It includes
- controlling
- directing
- planning
- organizing
the financial activities. For instance it deals with the financial activities like
- procurement of funds
- expending the funds
etc. It deals with the procurement, allocation and control of the financial resources of an enterprise.
What do you think is the primary objective of financial management?
The primary objective of financial management is to ensure maximum returns for the shareholder’s investments. So, it deals with the objectives
- To ensure continuous and substantial inflow of funds to the concern.
- To ensure that sufficient returns are returned to the shareholders.
- Optimum utilization of the funds through their utilization in maximum effective way and with least cost..
Describe the elements that play key role in the process of financial management.
The following are the three elements that play key role in the process of financial management.
- Financial Planning: Financial planning makes sure that the funding is available to the business at all times needed.
- Funding is needed in the short term to invest in stocks and equipment, fund the credit sales, salaries and wages.
- Funding is needed in the long term expand the business operations and fund the acquisitions.
- Financial control: Financial control is a key element that help the business to meet the objectives. It deals with
- efficient utilization of the assets
- securing the business asets
- management acting in accordance with the best interest of the shareholders and in compliance with the business rules.
- Financial decision making: This key element deals with the investment, financing and dividends.
- Investments must be financed in one way or the other. However the business should also consider raising finance through alternate business alternatives like borrowing from banks, sale of new shares or getting the materials or goods from suppliers on credit.
- When the business earns profits, financial decision should be taken to ensure that the profits should be re-invested into the business or it should be distributed to shareholders through dividends.
- Dividends should be optimally decided. If they’re high, then the business will run into lack of funds and may not be able to reinvest to grow the revenues and to earn more profits.
Additional content on this topic can be found at http://www.eduxir.com/curriculum/cbse/class-xii/entrepreneurship/business-arithmetic/

published:10 May 2018

views:467

For training on this subject visit www.union-imdp.org. In this short video, TREAT TB DeputyProjectDirectorHannah Alsdurf, gives important advice for procuring supplies, equipment, and pharmaceuticals with donor funds.

published:05 Feb 2013

views:266

http://www.ntvuganda.co.ug/
Out of a staggering nine trillion shillings of budgeted expenditure for this financial year ending, over six trillion was within the armpit of planned procurement from within and outside the country.
However, numerous investigations from agencies such as the Auditor General, IGG and World Bank continue to raise concern to ministries and gov't departments over procurement related fraud; affecting value for money, real absorption as well as un utilized funds.

published:08 Jun 2012

views:1065

The staggering estimate of close to 10 Trillion shilling is channeled out in the procurement of contracts for goods and services by government each year. According to the finance ministry a significant chunk of these funds remain exposed to procurement related fraud, a sentiment shared by Public Procurement and Disposal of Public Assets Authority.
Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
Follow us on Twitter http://www.twitter.com/ntvuganda
Like our Facebook page http://www.facebook.com/NTVUganda

published:13 Jul 2016

views:553

The city latest review of the Albuquerque Rapid Transit project indicates clear mistakes that could threaten the $75-million in federal funds that the city's expecting for the delayed bus project. Story on KRQE.com: http://www.krqe.com/news/albuquerque-metro/inspector-general-s-art-review-reveals-funding-source-procurement-problems/1225792081

Effective and up-to-date contracts and procurement processes are the foundation for quality construction. They help to reduce and avoid conflict and demonstrate professionalism.
In this video, Francis Ho, Chair of the group, shares his thoughts.

published:18 Jan 2018

views:161

Purchasing and Project contract management and the 3 main contract types: fixed price, time and materials, and cost based contracts. This is an important knowledge in Project Procurement, Supply Chain, and Purchasing Management. In this video, you learn:
Why and when do companies need contracts in purchasing management?
What are the main contract types used by companies?
What are the ADVANTAGES and risks of each contract type?
Would you like to understand contract management in corporations? If yes, keep watching.
Fixed price is a contract in which the price of the product or service is fixed during the contract duration. In these contracts, buyer and seller should know very well the specifications and, therefore, the costs can be estimated with accuracy.
In a cost-based contract, the buyer agrees to reimburse the supplier for the expenses incurred plus a dollar amount of profit, usually a percentage of the contract’s full price. To protect against cost overruns, some companies define the maximum cost reimbursement the supplier cannot exceed.
In Time & Materials (T&M) contract, cost unit rates are predetermined, but the man-hours and material quantity u can vary. Therefore, the total cost is not fixed while unit cost are fixed. It is a kind of hybrid contract. It has a fixed unit cost as the fixed price contracts, but the amount of material used and worked hours o may vary and will be paid accordingly.
You can send your questions in the comment area, I will be pleased to answer them.
Thanks for watching, don’t forget to subscribe Americo e-Learning
Americo e-Learning provides practical training in business analysis for professionals that work within short due dates and under pressure. Hands-on learning experience in which students have the opportunity of developing skills such as problem-solving, critical thinking, quantitative analysis in practical business applications.
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YOUTUBE CHANNEL: www.youtube.com/c/americoelearning
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Disclaimer: Some of these links go to one of my websites and some are affiliate links where I can earn a small commission if you make a purchase at no additional cost to you. These funds will be applied in the production of more online lessons.
Topics covered in this video:
rfp basics, request for proposal 101, request for proposal outline, request for proposal template, request for proposal sections, request for proposal training, rfp for beginners, rfp purchasing management, rfp procurement management, purchasing process rfp, vendor selection rfp, supplier selection rfp, purchasing proposal, rfp purchasing management
MISSION STATEMENT
My mission is to provide practical courses in business analysis for effective professionals. The objective is to keep the focus on the essential needs of professionals that work within short due dates and under pressure.
We provide a hands-on learning process. During the courses, my students have the opportunity of developing skills such as problem-solving, critical thinking, and quali-quantitative analysis in practical business applications. My sessions started with the basics, then practice, implementation in a supporting software, and at the end, recommendations for a professional presentation. We cover the complete cycle, from the analysis to the business presentation.
My background includes D.Sc. in Industrial Engineering, and MBA, and 20+ years of hands-on experience in service and manufacturing industry. My teaching differentials represent a combined approach with a deep understanding of Business Management models, real case assessments, and personal testimony from my multifaceted experience. My extensive hands-on business experience (20+ years) along with proper teaching methods has been contributing to my students’ success since my first teaching assignment 15 years ago.

Finance - Procurement

Financial Management

Define financial management.
Financial management is the application of general management principles to manage the financial resources of the business. It includes
- controlling
- directing
- planning
- organizing
the financial activities. For instance it deals with the financial activities like
- procurement of funds
- expending the funds
etc. It deals with the procurement, allocation and control of the financial resources of an enterprise.
What do you think is the primary objective of financial management?
The primary objective of financial management is to ensure maximum returns for the shareholder’s investments. So, it deals with the objectives
- To ensure continuous and substantial inflow of funds to the concern.
- To ensure that sufficient returns are returned to the shareholders.
- Optimum utilization of the funds through their utilization in maximum effective way and with least cost..
Describe the elements that play key role in the process of financial management.
The following are the three elements that play key role in the process of financial management.
- Financial Planning: Financial planning makes sure that the funding is available to the business at all times needed.
- Funding is needed in the short term to invest in stocks and equipment, fund the credit sales, salaries and wages.
- Funding is needed in the long term expand the business operations and fund the acquisitions.
- Financial control: Financial control is a key element that help the business to meet the objectives. It deals with
- efficient utilization of the assets
- securing the business asets
- management acting in accordance with the best interest of the shareholders and in compliance with the business rules.
- Financial decision making: This key element deals with the investment, financing and dividends.
- Investments must be financed in one way or the other. However the business should also consider raising finance through alternate business alternatives like borrowing from banks, sale of new shares or getting the materials or goods from suppliers on credit.
- When the business earns profits, financial decision should be taken to ensure that the profits should be re-invested into the business or it should be distributed to shareholders through dividends.
- Dividends should be optimally decided. If they’re high, then the business will run into lack of funds and may not be able to reinvest to grow the revenues and to earn more profits.
Additional content on this topic can be found at http://www.eduxir.com/curriculum/cbse/class-xii/entrepreneurship/business-arithmetic/

2:31

Procurement - Working With Donor Funds

Procurement - Working With Donor Funds

Procurement - Working With Donor Funds

For training on this subject visit www.union-imdp.org. In this short video, TREAT TB DeputyProjectDirectorHannah Alsdurf, gives important advice for procuring supplies, equipment, and pharmaceuticals with donor funds.

3:34

Analysing value for Money Procurement challenges

Analysing value for Money Procurement challenges

Analysing value for Money Procurement challenges

http://www.ntvuganda.co.ug/
Out of a staggering nine trillion shillings of budgeted expenditure for this financial year ending, over six trillion was within the armpit of planned procurement from within and outside the country.
However, numerous investigations from agencies such as the Auditor General, IGG and World Bank continue to raise concern to ministries and gov't departments over procurement related fraud; affecting value for money, real absorption as well as un utilized funds.

2:09

Finance ministry admits to challenges in curbing fraud in government procurement

Finance ministry admits to challenges in curbing fraud in government procurement

Finance ministry admits to challenges in curbing fraud in government procurement

The staggering estimate of close to 10 Trillion shilling is channeled out in the procurement of contracts for goods and services by government each year. According to the finance ministry a significant chunk of these funds remain exposed to procurement related fraud, a sentiment shared by Public Procurement and Disposal of Public Assets Authority.
Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
Follow us on Twitter http://www.twitter.com/ntvuganda
Like our Facebook page http://www.facebook.com/NTVUganda

The city latest review of the Albuquerque Rapid Transit project indicates clear mistakes that could threaten the $75-million in federal funds that the city's expecting for the delayed bus project. Story on KRQE.com: http://www.krqe.com/news/albuquerque-metro/inspector-general-s-art-review-reveals-funding-source-procurement-problems/1225792081

Contract & Procurement

Effective and up-to-date contracts and procurement processes are the foundation for quality construction. They help to reduce and avoid conflict and demonstrate professionalism.
In this video, Francis Ho, Chair of the group, shares his thoughts.

Purchasing and Project contract management and the 3 main contract types: fixed price, time and materials, and cost based contracts. This is an important knowledge in Project Procurement, Supply Chain, and Purchasing Management. In this video, you learn:
Why and when do companies need contracts in purchasing management?
What are the main contract types used by companies?
What are the ADVANTAGES and risks of each contract type?
Would you like to understand contract management in corporations? If yes, keep watching.
Fixed price is a contract in which the price of the product or service is fixed during the contract duration. In these contracts, buyer and seller should know very well the specifications and, therefore, the costs can be estimated with accuracy.
In a cost-based contract, the buyer agrees to reimburse the supplier for the expenses incurred plus a dollar amount of profit, usually a percentage of the contract’s full price. To protect against cost overruns, some companies define the maximum cost reimbursement the supplier cannot exceed.
In Time & Materials (T&M) contract, cost unit rates are predetermined, but the man-hours and material quantity u can vary. Therefore, the total cost is not fixed while unit cost are fixed. It is a kind of hybrid contract. It has a fixed unit cost as the fixed price contracts, but the amount of material used and worked hours o may vary and will be paid accordingly.
You can send your questions in the comment area, I will be pleased to answer them.
Thanks for watching, don’t forget to subscribe Americo e-Learning
Americo e-Learning provides practical training in business analysis for professionals that work within short due dates and under pressure. Hands-on learning experience in which students have the opportunity of developing skills such as problem-solving, critical thinking, quantitative analysis in practical business applications.
MY SOCIAL MEDIA AND CONTACT MEDIA
YOUTUBE CHANNEL: www.youtube.com/c/americoelearning
E-MAIL: americoelearning@gmail.com
WEBSITE: www.americoelearning.com
TWITTER WEBSITE: https://twitter.com/AmericoBC
LINKEDIN: https://ca.linkedin.com/in/americobc
MY HOMESTUDIO EQUIPMENT (AFFILIATE LINKS)
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Canon VIXIA HF R72 Camcorder: http://amzn.to/2q5VUZP
Philips SHL3000BK HeadbandHeadphones: http://amzn.to/2q5WHdo
Disclaimer: Some of these links go to one of my websites and some are affiliate links where I can earn a small commission if you make a purchase at no additional cost to you. These funds will be applied in the production of more online lessons.
Topics covered in this video:
rfp basics, request for proposal 101, request for proposal outline, request for proposal template, request for proposal sections, request for proposal training, rfp for beginners, rfp purchasing management, rfp procurement management, purchasing process rfp, vendor selection rfp, supplier selection rfp, purchasing proposal, rfp purchasing management
MISSION STATEMENT
My mission is to provide practical courses in business analysis for effective professionals. The objective is to keep the focus on the essential needs of professionals that work within short due dates and under pressure.
We provide a hands-on learning process. During the courses, my students have the opportunity of developing skills such as problem-solving, critical thinking, and quali-quantitative analysis in practical business applications. My sessions started with the basics, then practice, implementation in a supporting software, and at the end, recommendations for a professional presentation. We cover the complete cycle, from the analysis to the business presentation.
My background includes D.Sc. in Industrial Engineering, and MBA, and 20+ years of hands-on experience in service and manufacturing industry. My teaching differentials represent a combined approach with a deep understanding of Business Management models, real case assessments, and personal testimony from my multifaceted experience. My extensive hands-on business experience (20+ years) along with proper teaching methods has been contributing to my students’ success since my first teaching assignment 15 years ago.

In the latest additions to our Procurement Views video series we are delighted to have contributions from Research Councils UKShared ServicesCentreLimited (RCUKSSC). RCUK is a strategic partnership of the UK's seven Research Councils and invests some £3bn per annum in research.
RCUK SSC shares and standardises processes across the Research Councils in human resources, finance, procurement, IT and grants administration to free up more funds for keeping the UK at the forefront of research and innovation.
In these videos, Nicola Dunne, Chief Procurement Officer and Mark Holroyd, Head of Procurement Systems Implementation, share their thoughts on RCUK SSC Ltd's procurement organisation, managing implementation of procurement technology, key challenges for procurement professionals and the future of procurement in the public sector.
In the first of 3 interviews, Nicola Dunne, Chief Procurement Officer, at RCUK SSC Ltd, describes the procurement organisation and strategy.

Finance - Procurement

Financial Management

Define financial management.
Financial management is the application of general management principles to manage the financial resources of the business. It includes
- controlling
- directing
- planning
- organizing
the financial activities. For instance it deals with the financial activities like
- procurement of funds
- expending the funds
etc. It deals with the procurement, allocation and control of the financial resources of an enterprise.
What do you think is the primary objective of financial management?
The primary objective of financial management is to ensure maximum returns for the shareholder’s investments. So, it deals with the objectives
- To ensure continuous and substantial inflow of funds to the concern.
- To ensure that su...

published: 10 May 2018

Procurement - Working With Donor Funds

For training on this subject visit www.union-imdp.org. In this short video, TREAT TB DeputyProjectDirectorHannah Alsdurf, gives important advice for procuring supplies, equipment, and pharmaceuticals with donor funds.

published: 05 Feb 2013

Analysing value for Money Procurement challenges

http://www.ntvuganda.co.ug/
Out of a staggering nine trillion shillings of budgeted expenditure for this financial year ending, over six trillion was within the armpit of planned procurement from within and outside the country.
However, numerous investigations from agencies such as the Auditor General, IGG and World Bank continue to raise concern to ministries and gov't departments over procurement related fraud; affecting value for money, real absorption as well as un utilized funds.

published: 08 Jun 2012

Finance ministry admits to challenges in curbing fraud in government procurement

The staggering estimate of close to 10 Trillion shilling is channeled out in the procurement of contracts for goods and services by government each year. According to the finance ministry a significant chunk of these funds remain exposed to procurement related fraud, a sentiment shared by Public Procurement and Disposal of Public Assets Authority.
Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
Follow us on Twitter http://www.twitter.com/ntvuganda
Like our Facebook page http://www.facebook.com/NTVUganda

The city latest review of the Albuquerque Rapid Transit project indicates clear mistakes that could threaten the $75-million in federal funds that the city's expecting for the delayed bus project. Story on KRQE.com: http://www.krqe.com/news/albuquerque-metro/inspector-general-s-art-review-reveals-funding-source-procurement-problems/1225792081

Contract & Procurement

Effective and up-to-date contracts and procurement processes are the foundation for quality construction. They help to reduce and avoid conflict and demonstrate professionalism.
In this video, Francis Ho, Chair of the group, shares his thoughts.

Purchasing and Project contract management and the 3 main contract types: fixed price, time and materials, and cost based contracts. This is an important knowledge in Project Procurement, Supply Chain, and Purchasing Management. In this video, you learn:
Why and when do companies need contracts in purchasing management?
What are the main contract types used by companies?
What are the ADVANTAGES and risks of each contract type?
Would you like to understand contract management in corporations? If yes, keep watching.
Fixed price is a contract in which the price of the product or service is fixed during the contract duration. In these contracts, buyer and seller should know very well the specifications and, therefore, the costs can be estimated with accuracy.
In a cost-based contract, the ...

In the latest additions to our Procurement Views video series we are delighted to have contributions from Research Councils UKShared ServicesCentreLimited (RCUKSSC). RCUK is a strategic partnership of the UK's seven Research Councils and invests some £3bn per annum in research.
RCUK SSC shares and standardises processes across the Research Councils in human resources, finance, procurement, IT and grants administration to free up more funds for keeping the UK at the forefront of research and innovation.
In these videos, Nicola Dunne, Chief Procurement Officer and Mark Holroyd, Head of Procurement Systems Implementation, share their thoughts on RCUK SSC Ltd's procurement organisation, managing implementation of procurement technology, key challenges for procurement professionals and th...

Financial Management

Define financial management.
Financial management is the application of general management principles to manage the financial resources of the business. It inc...

Define financial management.
Financial management is the application of general management principles to manage the financial resources of the business. It includes
- controlling
- directing
- planning
- organizing
the financial activities. For instance it deals with the financial activities like
- procurement of funds
- expending the funds
etc. It deals with the procurement, allocation and control of the financial resources of an enterprise.
What do you think is the primary objective of financial management?
The primary objective of financial management is to ensure maximum returns for the shareholder’s investments. So, it deals with the objectives
- To ensure continuous and substantial inflow of funds to the concern.
- To ensure that sufficient returns are returned to the shareholders.
- Optimum utilization of the funds through their utilization in maximum effective way and with least cost..
Describe the elements that play key role in the process of financial management.
The following are the three elements that play key role in the process of financial management.
- Financial Planning: Financial planning makes sure that the funding is available to the business at all times needed.
- Funding is needed in the short term to invest in stocks and equipment, fund the credit sales, salaries and wages.
- Funding is needed in the long term expand the business operations and fund the acquisitions.
- Financial control: Financial control is a key element that help the business to meet the objectives. It deals with
- efficient utilization of the assets
- securing the business asets
- management acting in accordance with the best interest of the shareholders and in compliance with the business rules.
- Financial decision making: This key element deals with the investment, financing and dividends.
- Investments must be financed in one way or the other. However the business should also consider raising finance through alternate business alternatives like borrowing from banks, sale of new shares or getting the materials or goods from suppliers on credit.
- When the business earns profits, financial decision should be taken to ensure that the profits should be re-invested into the business or it should be distributed to shareholders through dividends.
- Dividends should be optimally decided. If they’re high, then the business will run into lack of funds and may not be able to reinvest to grow the revenues and to earn more profits.
Additional content on this topic can be found at http://www.eduxir.com/curriculum/cbse/class-xii/entrepreneurship/business-arithmetic/

Define financial management.
Financial management is the application of general management principles to manage the financial resources of the business. It includes
- controlling
- directing
- planning
- organizing
the financial activities. For instance it deals with the financial activities like
- procurement of funds
- expending the funds
etc. It deals with the procurement, allocation and control of the financial resources of an enterprise.
What do you think is the primary objective of financial management?
The primary objective of financial management is to ensure maximum returns for the shareholder’s investments. So, it deals with the objectives
- To ensure continuous and substantial inflow of funds to the concern.
- To ensure that sufficient returns are returned to the shareholders.
- Optimum utilization of the funds through their utilization in maximum effective way and with least cost..
Describe the elements that play key role in the process of financial management.
The following are the three elements that play key role in the process of financial management.
- Financial Planning: Financial planning makes sure that the funding is available to the business at all times needed.
- Funding is needed in the short term to invest in stocks and equipment, fund the credit sales, salaries and wages.
- Funding is needed in the long term expand the business operations and fund the acquisitions.
- Financial control: Financial control is a key element that help the business to meet the objectives. It deals with
- efficient utilization of the assets
- securing the business asets
- management acting in accordance with the best interest of the shareholders and in compliance with the business rules.
- Financial decision making: This key element deals with the investment, financing and dividends.
- Investments must be financed in one way or the other. However the business should also consider raising finance through alternate business alternatives like borrowing from banks, sale of new shares or getting the materials or goods from suppliers on credit.
- When the business earns profits, financial decision should be taken to ensure that the profits should be re-invested into the business or it should be distributed to shareholders through dividends.
- Dividends should be optimally decided. If they’re high, then the business will run into lack of funds and may not be able to reinvest to grow the revenues and to earn more profits.
Additional content on this topic can be found at http://www.eduxir.com/curriculum/cbse/class-xii/entrepreneurship/business-arithmetic/

Procurement - Working With Donor Funds

For training on this subject visit www.union-imdp.org. In this short video, TREAT TB DeputyProjectDirectorHannah Alsdurf, gives important advice for procurin...

For training on this subject visit www.union-imdp.org. In this short video, TREAT TB DeputyProjectDirectorHannah Alsdurf, gives important advice for procuring supplies, equipment, and pharmaceuticals with donor funds.

For training on this subject visit www.union-imdp.org. In this short video, TREAT TB DeputyProjectDirectorHannah Alsdurf, gives important advice for procuring supplies, equipment, and pharmaceuticals with donor funds.

Analysing value for Money Procurement challenges

http://www.ntvuganda.co.ug/
Out of a staggering nine trillion shillings of budgeted expenditure for this financial year ending, over six trillion was within the...

http://www.ntvuganda.co.ug/
Out of a staggering nine trillion shillings of budgeted expenditure for this financial year ending, over six trillion was within the armpit of planned procurement from within and outside the country.
However, numerous investigations from agencies such as the Auditor General, IGG and World Bank continue to raise concern to ministries and gov't departments over procurement related fraud; affecting value for money, real absorption as well as un utilized funds.

http://www.ntvuganda.co.ug/
Out of a staggering nine trillion shillings of budgeted expenditure for this financial year ending, over six trillion was within the armpit of planned procurement from within and outside the country.
However, numerous investigations from agencies such as the Auditor General, IGG and World Bank continue to raise concern to ministries and gov't departments over procurement related fraud; affecting value for money, real absorption as well as un utilized funds.

Finance ministry admits to challenges in curbing fraud in government procurement

The staggering estimate of close to 10 Trillion shilling is channeled out in the procurement of contracts for goods and services by government each year. Accord...

The staggering estimate of close to 10 Trillion shilling is channeled out in the procurement of contracts for goods and services by government each year. According to the finance ministry a significant chunk of these funds remain exposed to procurement related fraud, a sentiment shared by Public Procurement and Disposal of Public Assets Authority.
Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
Follow us on Twitter http://www.twitter.com/ntvuganda
Like our Facebook page http://www.facebook.com/NTVUganda

The staggering estimate of close to 10 Trillion shilling is channeled out in the procurement of contracts for goods and services by government each year. According to the finance ministry a significant chunk of these funds remain exposed to procurement related fraud, a sentiment shared by Public Procurement and Disposal of Public Assets Authority.
Subscribe to Our Channel
For more news visit http://www.ntv.co.ug
Follow us on Twitter http://www.twitter.com/ntvuganda
Like our Facebook page http://www.facebook.com/NTVUganda

The city latest review of the Albuquerque Rapid Transit project indicates clear mistakes that could threaten the $75-million in federal funds that the city's expecting for the delayed bus project. Story on KRQE.com: http://www.krqe.com/news/albuquerque-metro/inspector-general-s-art-review-reveals-funding-source-procurement-problems/1225792081

The city latest review of the Albuquerque Rapid Transit project indicates clear mistakes that could threaten the $75-million in federal funds that the city's expecting for the delayed bus project. Story on KRQE.com: http://www.krqe.com/news/albuquerque-metro/inspector-general-s-art-review-reveals-funding-source-procurement-problems/1225792081

Contract & Procurement

Effective and up-to-date contracts and procurement processes are the foundation for quality construction. They help to reduce and avoid conflict and demonstrate...

Effective and up-to-date contracts and procurement processes are the foundation for quality construction. They help to reduce and avoid conflict and demonstrate professionalism.
In this video, Francis Ho, Chair of the group, shares his thoughts.

Effective and up-to-date contracts and procurement processes are the foundation for quality construction. They help to reduce and avoid conflict and demonstrate professionalism.
In this video, Francis Ho, Chair of the group, shares his thoughts.

Purchasing and Project contract management and the 3 main contract types: fixed price, time and materials, and cost based contracts. This is an important knowle...

Purchasing and Project contract management and the 3 main contract types: fixed price, time and materials, and cost based contracts. This is an important knowledge in Project Procurement, Supply Chain, and Purchasing Management. In this video, you learn:
Why and when do companies need contracts in purchasing management?
What are the main contract types used by companies?
What are the ADVANTAGES and risks of each contract type?
Would you like to understand contract management in corporations? If yes, keep watching.
Fixed price is a contract in which the price of the product or service is fixed during the contract duration. In these contracts, buyer and seller should know very well the specifications and, therefore, the costs can be estimated with accuracy.
In a cost-based contract, the buyer agrees to reimburse the supplier for the expenses incurred plus a dollar amount of profit, usually a percentage of the contract’s full price. To protect against cost overruns, some companies define the maximum cost reimbursement the supplier cannot exceed.
In Time & Materials (T&M) contract, cost unit rates are predetermined, but the man-hours and material quantity u can vary. Therefore, the total cost is not fixed while unit cost are fixed. It is a kind of hybrid contract. It has a fixed unit cost as the fixed price contracts, but the amount of material used and worked hours o may vary and will be paid accordingly.
You can send your questions in the comment area, I will be pleased to answer them.
Thanks for watching, don’t forget to subscribe Americo e-Learning
Americo e-Learning provides practical training in business analysis for professionals that work within short due dates and under pressure. Hands-on learning experience in which students have the opportunity of developing skills such as problem-solving, critical thinking, quantitative analysis in practical business applications.
MY SOCIAL MEDIA AND CONTACT MEDIA
YOUTUBE CHANNEL: www.youtube.com/c/americoelearning
E-MAIL: americoelearning@gmail.com
WEBSITE: www.americoelearning.com
TWITTER WEBSITE: https://twitter.com/AmericoBC
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Disclaimer: Some of these links go to one of my websites and some are affiliate links where I can earn a small commission if you make a purchase at no additional cost to you. These funds will be applied in the production of more online lessons.
Topics covered in this video:
rfp basics, request for proposal 101, request for proposal outline, request for proposal template, request for proposal sections, request for proposal training, rfp for beginners, rfp purchasing management, rfp procurement management, purchasing process rfp, vendor selection rfp, supplier selection rfp, purchasing proposal, rfp purchasing management
MISSION STATEMENT
My mission is to provide practical courses in business analysis for effective professionals. The objective is to keep the focus on the essential needs of professionals that work within short due dates and under pressure.
We provide a hands-on learning process. During the courses, my students have the opportunity of developing skills such as problem-solving, critical thinking, and quali-quantitative analysis in practical business applications. My sessions started with the basics, then practice, implementation in a supporting software, and at the end, recommendations for a professional presentation. We cover the complete cycle, from the analysis to the business presentation.
My background includes D.Sc. in Industrial Engineering, and MBA, and 20+ years of hands-on experience in service and manufacturing industry. My teaching differentials represent a combined approach with a deep understanding of Business Management models, real case assessments, and personal testimony from my multifaceted experience. My extensive hands-on business experience (20+ years) along with proper teaching methods has been contributing to my students’ success since my first teaching assignment 15 years ago.

Purchasing and Project contract management and the 3 main contract types: fixed price, time and materials, and cost based contracts. This is an important knowledge in Project Procurement, Supply Chain, and Purchasing Management. In this video, you learn:
Why and when do companies need contracts in purchasing management?
What are the main contract types used by companies?
What are the ADVANTAGES and risks of each contract type?
Would you like to understand contract management in corporations? If yes, keep watching.
Fixed price is a contract in which the price of the product or service is fixed during the contract duration. In these contracts, buyer and seller should know very well the specifications and, therefore, the costs can be estimated with accuracy.
In a cost-based contract, the buyer agrees to reimburse the supplier for the expenses incurred plus a dollar amount of profit, usually a percentage of the contract’s full price. To protect against cost overruns, some companies define the maximum cost reimbursement the supplier cannot exceed.
In Time & Materials (T&M) contract, cost unit rates are predetermined, but the man-hours and material quantity u can vary. Therefore, the total cost is not fixed while unit cost are fixed. It is a kind of hybrid contract. It has a fixed unit cost as the fixed price contracts, but the amount of material used and worked hours o may vary and will be paid accordingly.
You can send your questions in the comment area, I will be pleased to answer them.
Thanks for watching, don’t forget to subscribe Americo e-Learning
Americo e-Learning provides practical training in business analysis for professionals that work within short due dates and under pressure. Hands-on learning experience in which students have the opportunity of developing skills such as problem-solving, critical thinking, quantitative analysis in practical business applications.
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Canon VIXIA HF R72 Camcorder: http://amzn.to/2q5VUZP
Philips SHL3000BK HeadbandHeadphones: http://amzn.to/2q5WHdo
Disclaimer: Some of these links go to one of my websites and some are affiliate links where I can earn a small commission if you make a purchase at no additional cost to you. These funds will be applied in the production of more online lessons.
Topics covered in this video:
rfp basics, request for proposal 101, request for proposal outline, request for proposal template, request for proposal sections, request for proposal training, rfp for beginners, rfp purchasing management, rfp procurement management, purchasing process rfp, vendor selection rfp, supplier selection rfp, purchasing proposal, rfp purchasing management
MISSION STATEMENT
My mission is to provide practical courses in business analysis for effective professionals. The objective is to keep the focus on the essential needs of professionals that work within short due dates and under pressure.
We provide a hands-on learning process. During the courses, my students have the opportunity of developing skills such as problem-solving, critical thinking, and quali-quantitative analysis in practical business applications. My sessions started with the basics, then practice, implementation in a supporting software, and at the end, recommendations for a professional presentation. We cover the complete cycle, from the analysis to the business presentation.
My background includes D.Sc. in Industrial Engineering, and MBA, and 20+ years of hands-on experience in service and manufacturing industry. My teaching differentials represent a combined approach with a deep understanding of Business Management models, real case assessments, and personal testimony from my multifaceted experience. My extensive hands-on business experience (20+ years) along with proper teaching methods has been contributing to my students’ success since my first teaching assignment 15 years ago.

In the latest additions to our Procurement Views video series we are delighted to have contributions from Research Councils UKShared ServicesCentreLimited (RCUKSSC). RCUK is a strategic partnership of the UK's seven Research Councils and invests some £3bn per annum in research.
RCUK SSC shares and standardises processes across the Research Councils in human resources, finance, procurement, IT and grants administration to free up more funds for keeping the UK at the forefront of research and innovation.
In these videos, Nicola Dunne, Chief Procurement Officer and Mark Holroyd, Head of Procurement Systems Implementation, share their thoughts on RCUK SSC Ltd's procurement organisation, managing implementation of procurement technology, key challenges for procurement professionals and the future of procurement in the public sector.
In the first of 3 interviews, Nicola Dunne, Chief Procurement Officer, at RCUK SSC Ltd, describes the procurement organisation and strategy.

In the latest additions to our Procurement Views video series we are delighted to have contributions from Research Councils UKShared ServicesCentreLimited (RCUKSSC). RCUK is a strategic partnership of the UK's seven Research Councils and invests some £3bn per annum in research.
RCUK SSC shares and standardises processes across the Research Councils in human resources, finance, procurement, IT and grants administration to free up more funds for keeping the UK at the forefront of research and innovation.
In these videos, Nicola Dunne, Chief Procurement Officer and Mark Holroyd, Head of Procurement Systems Implementation, share their thoughts on RCUK SSC Ltd's procurement organisation, managing implementation of procurement technology, key challenges for procurement professionals and the future of procurement in the public sector.
In the first of 3 interviews, Nicola Dunne, Chief Procurement Officer, at RCUK SSC Ltd, describes the procurement organisation and strategy.

Financial Management

Define financial management.
Financial management is the application of general management principles to manage the financial resources of the business. It includes
- controlling
- directing
- planning
- organizing
the financial activities. For instance it deals with the financial activities like
- procurement of funds
- expending the funds
etc. It deals with the procurement, allocation and control of the financial resources of an enterprise.
What do you think is the primary objective of financial management?
The primary objective of financial management is to ensure maximum returns for the shareholder’s investments. So, it deals with the objectives
- To ensure continuous and substantial inflow of funds to the concern.
- To ensure that sufficient returns are returned to the shareholders.
- Optimum utilization of the funds through their utilization in maximum effective way and with least cost..
Describe the elements that play key role in the process of financial management.
The following are the three elements that play key role in the process of financial management.
- Financial Planning: Financial planning makes sure that the funding is available to the business at all times needed.
- Funding is needed in the short term to invest in stocks and equipment, fund the credit sales, salaries and wages.
- Funding is needed in the long term expand the business operations and fund the acquisitions.
- Financial control: Financial control is a key element that help the business to meet the objectives. It deals with
- efficient utilization of the assets
- securing the business asets
- management acting in accordance with the best interest of the shareholders and in compliance with the business rules.
- Financial decision making: This key element deals with the investment, financing and dividends.
- Investments must be financed in one way or the other. However the business should also consider raising finance through alternate business alternatives like borrowing from banks, sale of new shares or getting the materials or goods from suppliers on credit.
- When the business earns profits, financial decision should be taken to ensure that the profits should be re-invested into the business or it should be distributed to shareholders through dividends.
- Dividends should be optimally decided. If they’re high, then the business will run into lack of funds and may not be able to reinvest to grow the revenues and to earn more profits.
Additional content on this topic can be found at http://www.eduxir.com/curriculum/cbse/class-xii/entrepreneurship/business-arithmetic/

Procurement - Working With Donor Funds

For training on this subject visit www.union-imdp.org. In this short video, TREAT TB DeputyProjectDirectorHannah Alsdurf, gives important advice for procuring supplies, equipment, and pharmaceuticals with donor funds.

Analysing value for Money Procurement challenges

http://www.ntvuganda.co.ug/
Out of a staggering nine trillion shillings of budgeted expenditure for this financial year ending, over six trillion was within the armpit of planned procurement from within and outside the country.
However, numerous investigations from agencies such as the Auditor General, IGG and World Bank continue to raise concern to ministries and gov't departments over procurement related fraud; affecting value for money, real absorption as well as un utilized funds.

Finance ministry admits to challenges in curbing fraud in government procurement

The staggering estimate of close to 10 Trillion shilling is channeled out in the procurement of contracts for goods and services by government each year. According to the finance ministry a significant chunk of these funds remain exposed to procurement related fraud, a sentiment shared by Public Procurement and Disposal of Public Assets Authority.
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The city latest review of the Albuquerque Rapid Transit project indicates clear mistakes that could threaten the $75-million in federal funds that the city's expecting for the delayed bus project. Story on KRQE.com: http://www.krqe.com/news/albuquerque-metro/inspector-general-s-art-review-reveals-funding-source-procurement-problems/1225792081

Contract & Procurement

Effective and up-to-date contracts and procurement processes are the foundation for quality construction. They help to reduce and avoid conflict and demonstrate professionalism.
In this video, Francis Ho, Chair of the group, shares his thoughts.

Purchasing and Project contract management and the 3 main contract types: fixed price, time and materials, and cost based contracts. This is an important knowledge in Project Procurement, Supply Chain, and Purchasing Management. In this video, you learn:
Why and when do companies need contracts in purchasing management?
What are the main contract types used by companies?
What are the ADVANTAGES and risks of each contract type?
Would you like to understand contract management in corporations? If yes, keep watching.
Fixed price is a contract in which the price of the product or service is fixed during the contract duration. In these contracts, buyer and seller should know very well the specifications and, therefore, the costs can be estimated with accuracy.
In a cost-based contract, the buyer agrees to reimburse the supplier for the expenses incurred plus a dollar amount of profit, usually a percentage of the contract’s full price. To protect against cost overruns, some companies define the maximum cost reimbursement the supplier cannot exceed.
In Time & Materials (T&M) contract, cost unit rates are predetermined, but the man-hours and material quantity u can vary. Therefore, the total cost is not fixed while unit cost are fixed. It is a kind of hybrid contract. It has a fixed unit cost as the fixed price contracts, but the amount of material used and worked hours o may vary and will be paid accordingly.
You can send your questions in the comment area, I will be pleased to answer them.
Thanks for watching, don’t forget to subscribe Americo e-Learning
Americo e-Learning provides practical training in business analysis for professionals that work within short due dates and under pressure. Hands-on learning experience in which students have the opportunity of developing skills such as problem-solving, critical thinking, quantitative analysis in practical business applications.
MY SOCIAL MEDIA AND CONTACT MEDIA
YOUTUBE CHANNEL: www.youtube.com/c/americoelearning
E-MAIL: americoelearning@gmail.com
WEBSITE: www.americoelearning.com
TWITTER WEBSITE: https://twitter.com/AmericoBC
LINKEDIN: https://ca.linkedin.com/in/americobc
MY HOMESTUDIO EQUIPMENT (AFFILIATE LINKS)
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Audio-Technica ATR-3350 Lavalier Microphone http://amzn.to/2qZTZp4
Logitech Webcam HD Pro C920: http://amzn.to/2qTlOTz
Canon VIXIA HF R72 Camcorder: http://amzn.to/2q5VUZP
Philips SHL3000BK HeadbandHeadphones: http://amzn.to/2q5WHdo
Disclaimer: Some of these links go to one of my websites and some are affiliate links where I can earn a small commission if you make a purchase at no additional cost to you. These funds will be applied in the production of more online lessons.
Topics covered in this video:
rfp basics, request for proposal 101, request for proposal outline, request for proposal template, request for proposal sections, request for proposal training, rfp for beginners, rfp purchasing management, rfp procurement management, purchasing process rfp, vendor selection rfp, supplier selection rfp, purchasing proposal, rfp purchasing management
MISSION STATEMENT
My mission is to provide practical courses in business analysis for effective professionals. The objective is to keep the focus on the essential needs of professionals that work within short due dates and under pressure.
We provide a hands-on learning process. During the courses, my students have the opportunity of developing skills such as problem-solving, critical thinking, and quali-quantitative analysis in practical business applications. My sessions started with the basics, then practice, implementation in a supporting software, and at the end, recommendations for a professional presentation. We cover the complete cycle, from the analysis to the business presentation.
My background includes D.Sc. in Industrial Engineering, and MBA, and 20+ years of hands-on experience in service and manufacturing industry. My teaching differentials represent a combined approach with a deep understanding of Business Management models, real case assessments, and personal testimony from my multifaceted experience. My extensive hands-on business experience (20+ years) along with proper teaching methods has been contributing to my students’ success since my first teaching assignment 15 years ago.

In the latest additions to our Procurement Views video series we are delighted to have contributions from Research Councils UKShared ServicesCentreLimited (RCUKSSC). RCUK is a strategic partnership of the UK's seven Research Councils and invests some £3bn per annum in research.
RCUK SSC shares and standardises processes across the Research Councils in human resources, finance, procurement, IT and grants administration to free up more funds for keeping the UK at the forefront of research and innovation.
In these videos, Nicola Dunne, Chief Procurement Officer and Mark Holroyd, Head of Procurement Systems Implementation, share their thoughts on RCUK SSC Ltd's procurement organisation, managing implementation of procurement technology, key challenges for procurement professionals and the future of procurement in the public sector.
In the first of 3 interviews, Nicola Dunne, Chief Procurement Officer, at RCUK SSC Ltd, describes the procurement organisation and strategy.

A total of $196,276 in Fiscal 2018 other procurement (Navy) funding will be obligated at time of award and will not expire at the end of the current fiscal year. This contract was not competitively procured in accordance with Federal Acquisition Regulation 6.302-1 (only one ......

PUNE. Obscured, dilapidated and confusing road signs, especially those related to parking zones, have become a cause of concern for citizens ... At our end, we have tried to procure signboards using the corporate social responsibility (CSR) funds for the four traffic dividions. We are also trying to get more CSR funding ... ....

With Congressional and state policies in place, partnerships between hunters and landowners established, and responsible funding mechanisms procured, the only objective that remains is follow-through....

To foster transparency, Palace requires procuremen...

Latest News for: procurement funds

A total of $196,276 in Fiscal 2018 other procurement (Navy) funding will be obligated at time of award and will not expire at the end of the current fiscal year. This contract was not competitively procured in accordance with Federal Acquisition Regulation 6.302-1 (only one ......

PUNE. Obscured, dilapidated and confusing road signs, especially those related to parking zones, have become a cause of concern for citizens ... At our end, we have tried to procure signboards using the corporate social responsibility (CSR) funds for the four traffic dividions. We are also trying to get more CSR funding ... ....

With Congressional and state policies in place, partnerships between hunters and landowners established, and responsible funding mechanisms procured, the only objective that remains is follow-through....

PUNE. Obscured, dilapidated and confusing road signs, especially those related to parking zones, have become a cause of concern for citizens ... At our end, we have tried to procure signboards using the corporate social responsibility (CSR) funds for the four traffic dividions. We are also trying to get more CSR funding ... FROM AROUND THE WEB ... Ad WIRAL GYAN....

From the day of its maiden flight 83 years ago, the B-17 Flying Fortress has become the royalty of the skies. Made by the Boeing company, this four-engine heavy bomber got airborne for the first time on July 28, 1935 ... Consequently, the USAAC went through a special F-1funding procedure in January 1935 and procured thirteen B-17s, as YB-17s ... .......

Dhankuta, December 15... The lab could not come into operation for 17 years due to lack of manpower, and shortage of equipment and fund to procure chemicals ... It costs Rs 1.5 million to procure a PCR machine necessary for lab ... ....

Advertising. “We are not like the Congress, which will only pay lip service to farmers but ignore their well-being ... Advertising ... 00.48 ... Modi said his government allocated more funds for the sector and the procurement of pulses and oil seeds in the last four years was 13 times more than under the UPA regime. Popular Photos ... 0 Comment(s) ... PM Modi ... news ... ....

KOCHI ... The members also raised complaints that many buildings of historical importance in and around Fort Kochi and Mattancherry have not been given proper protection ... “Delay in finding suitable timber for restoring nets and getting fund for its procurment slow down the project. Now, government has sanctioned funds required for the purchase ... ....

"Funding for new fighter aircraft makes up about half of the total projected costs of procuring new aircraft," the CBO states, with the F-35 set to be the most expensive program through the 2020s until PCA takes its place in the early 2030s....

PCSO services under its institutional partnership program would be retained such as the ambulance donation, calamity assistance, capability building for regional health units, medicines procurement, the IntegratedHealth for Overall Productivity and Empowerment (I-HOPE), endowment fund, among others. This comprises 60 percent of the charity fund....

The use of human fetal tissue for research purposes has been highly contentious and tightly regulated, given that access to this tissue is directly associated with a woman’s right to choose an abortion since the tissue is procured from human fetuses. In 1993, Congress approved the use of federal funds for fetal tissue research....